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458 Virginia Lane, Dunedin, FL

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458 Virginia Lane

Dunedin, FL 34698 - North Pinellas Submarket

Property Type:Hospitality Number of Rooms:9 Status:Existing Year Built:1910
Stories:2 Building Size:5,897 SF Land Area:.33 AC (14,209 SF)
For Sale Price:$1,800,000 Price/Room:$200,000 Cap Rate:7.24 %


This property has been fully remodeled. Everything is completely up to code.

Sale Notes:
The Meranova Guest Inn is a once in a lifetime investment
opportunity. Meranova is so unique because it has the ability to be renovated into almost anything a buyer can dream up. It has the ability to become a restaurant, an event venue, or even condos. It consists of 3 fully renovated buildings: an owner' s quarters, a handicap accessible cottage, and seven apartment style suites. The
property has a commercial grade kitchen and the cottage that sits next to the main building can be renovated into a restaurant with outside seating. The owner' s quarters is 2 stories and consists of: 1 bedroom, 1 full bath, office, living room, commercial kitchen, laundry room, and a dining room. The cottage consists of: 1 handicap bathroom, 1 bedroom, 1 living room, and 1 full kitchen. The main building consists of: 7 distinctively different suites which offer a private entrance, most with a porch or balcony, private bath, and kitchenette. The Meranova Guest Inn offers luxury accommodations in a stylish, contemporary bed and breakfast setting, and is located
in the charming quaint village of Dunedin overlooking Main Street.

Keller Williams Realty
Don Moore
(727) 772-0772

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